Glassnode： If ETH consolidates at the current level, $1900 may become a support level

Odaily Planet Daily News: Glassnode released data on the X platform stating that the cost base distribution of ETH shows potential short-term support levels. Although the price of ETH briefly fell below the main accumulation zone of $1880, addresses at this level did not respond to this decline, and a new accumulation range appeared at $1900 (600000 to 700000 ETH). This indicates that if ETH consolidates at its current level, $1900 may become a support level. The $2200 above (accumulated 465000 ETH) is a potential next resistance level. The supply gap between $1900 and $2200 is still relatively small, which makes it reasonable for ETH prices to rise to resistance levels in the short term.